Aprivate Asian investor has bought a Sydney office building for $7 million. The property at 93 Bathurst Street includes a 832-square-metre building that was sold vacant.

The sale equates to $8450 per quare metre. Forestfield Corporation was the vendor. Colliers International’s director of investment sales, John Bowie Wilson, and a director of the Asian division, Steam Leung, brokered the deal.

Brisbane City Council has sold a 10- hectare parcel of zoned industrial land in Brisbane to property developer CIP.

CIP, which is 50 per cent owned by the listed
Charter Hall Group
, purchased the site for about $8 million. The land, marketed by Greg Russell and Peter Turnbull of Knight Frank, adjoins the Brisbane City Council bus depot.

Property group Diploma Properties has bought a prime development site in East Perth for $3 million. The 903-square-metre site on Adelaide Terrace was sold by Primetime Enterprises. Diploma Properties has earmarked the site for a $50 million project that will include 80 apartments. CB Richard Ellis agent Michael Milne brokered the deal.

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A local private investor has bought a shop and apartment in Brighton, Melbourne, for $2.99 million. The building on Church Street includes a shop and a first-floor apartment. The final sale reflects a return of $74,653 per year and a 2.4 per cent yield. The property is tenanted on a four-year lease that expires in October 2012.

The public auction was attended by more than 100 people and contested between six bidders.

Fitzroys selling agent Mark Talbot brokered the deal.

An Asian investor has bought a building and a car park in South Yarra in Melbourne for $9.55 million.The two-storey building on Chapel Street is occupied by Footlocker on the first floor and a cosmetics boutique Gorgeous Cosmetics on the ground. The net annual rental income is about $515,000. Teska & Carson director Michael Ludski brokered the deal.

A South Australian investor has bought a healthcare centre in Sydney’s west for $3.65 million.

The fully tenanted 939 square metre building on Pitt Street in Merrylands is leased to
Primary Health Care
subsidiary Idameneo.